The goal of any financial advisor when it comes to evaluating your 401k investment should always be to offer insight and/or manage assets in such a way that you will be able to retire safely and securely.
- Does your company give you access to an independent financial advisor?
While your company may provide for an advisor as part of your company’s benefit plan, you should consider hiring a fiduciary retirement plan advisor who can assist you in getting the most out of your retirement plan.
While most financial advisors are not enlisted to help with a client’s 401k, 他们通常能够. Although a bulk of most people’s savings can be found inside a 401k, they often receive little to no advice from financial advisors on how to invest it. 在大多数情况下, an advisor has no access to that money and therefore little ability to effectively advise them on how to manage their investments inside employer-sponsored retirement plans. 作为一个结果, many people loathe changing their 401k investment strategies themselves which can lead to underperformance and ultimately lead to less money saved for their retirement.
Without hiring someone such as a financial advisor for specialized advice, 你成了计划提供者的建议的牺牲品. 然而, most plan providers are not in a situation to evaluate all of the current and future needs of the individual and can only provide generic information for what the investor can and cannot do inside their plan.
Questions to ask a financial advisor about your 401k Investment?
These are two important concerns that need to be factored into your retirement planning. Questions you should be asking are: When should I start taking Social Security? How will I deal with taking Required Minimum Distributions (RMD)s?
You will want to know how often you will meet with your financial advisor to ensure that your retirement is on the right track and your plan is going accordingly. 另外, you should also be aware of whether they will be available for phone calls and emails outside of your regular appointments.
Whether you want us to contact you quarterly, monthly, or yearly is all up to you. We typically recommend meeting with us on a quarterly basis to ensure that your financial plan and investments are working for you and not against you.
这是要问的最重要的问题. Oftentimes, the answer will determine the quality of advice or service that will be provided to you. 受托人的工作是为了客户的最大利益, which means that the advice they give will be in your best interest. 与此同时, a nonfiduciary will simply need to determine if a product is “suitable” for their client – even if it’s not necessarily the lowest-cost option.
作为受托人，beplay2感到自豪, meaning that we have a legal obligation to our clients to make sure that the advice we provide or the products we suggest are in the best interest of our clients and not ourselves.
顾问通常以多种方式获得报酬. The two main ways of being a fee-only structure or a fee-based structure. A fee-only structure means that the advisor may either charge a flat fee for services, an hourly fee or simply charge a percentage of the assets that they manage for you. 然而, while a fee-based advisor may charge similar fees for services, they can also receive compensation from the commissions of financial products sold to clients.
beplay2官网 are compensated on a fee-based basis. 然而, we offer the flexibility to interact with us on a fee-only basis, charging only a flat-fee for the development of a financial plan tailored to meet your current and future needs. Please note that this flat-fee varies and depends on the size and the amount of time that we will need to dedicate to such a plan.
有时, an advisor selling you their company’s branded products/funds can be the best option for you and your situation. 然而, 为银行工作的顾问, 经纪公司, or insurance company is typically first and foremost required to sell you their employer’s products/funds whether they are the best choice for you or not.
beplay2官网 is an independent advisory firm that does not manufacture or sell any beplay2官网 branded products or funds.
Roth 401(k) is one of the 401K investment options that put you in control of your retirement plan contributions. Learn more about Roth 401K plan and determine if it is right for you with our FREE Guide to Your Roth 401(k).下载你的免费罗斯401K指南